Author: Money Mechanics

Key Takeaways Bitcoin has bounced back from a sharp downturn that briefly pushed the price of the pioneer cryptocurrency below the closely watched $110,000 level on Friday evening, but it remains well below the record high of around $126,000 a week ago.Since setting the new high just above an established three-month trading range, the price has staged a sharp retreat, raising the possibility of a rare triple top pattern in the process.Investors should watch critical support levels on bitcoin’s chart around $107,000 and $93,000, while also monitoring key overhead areas near $123,000 and $139,000. Bitcoin (BTCUSD) has bounced back from…

Key Takeaways Broadcom shares tore higher Monday after the company said it would collaborate with OpenAI, while other semiconductor makers got a boost from a more favorable outlook on trade with China.Shares of Las Vegas Sands and Wynn Resorts fell after a report showed a drop in Macau gaming revenue, reflecting disruptions from major weather events. Semiconductor stocks gained ground Monday as China tariff concerns dissipated, while one chipmaker got a boost from a major artificial intelligence partnership announcement. Shares of casino operators fell as stormy weather dragged on gaming revenue in a key region. Major U.S. equities indexes bounced…

While the bond market was closed for Monday’s Columbus Day/Indigenous Peoples’ Day holiday, the stock market was not. And those who participated in today’s session were in an upbeat mood after President Donald Trump toned down his rhetoric toward China.At the close, the blue-chip Dow Jones Industrial Average was up 1.3% at 46,067, the broader S&P 500 had gained 1.6% to 6,654, and the tech-heavy Nasdaq Composite was 2.2% higher at 22,694.This marked a sharp turnaround from Friday’s price action, which was decidedly lower across the board after President Trump accused China of “becoming very hostile.” He also threatened to…

US-China tensions rise again as new tariffs and export curbs shake global markets. US dollar gains as investors seek safety amid trade uncertainty and geopolitical risks. Markets await CPI data and Powell’s comments for clues on the Fed’s next move. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro’s AI-selected stock winners. The US-China trade tensions spiked again, shaking global markets. US President Donald Trump announced a 100% tariff on Chinese imports starting November 1 and said he would skip the planned meeting with Chinese President Xi Jinping. These moves brought…

Jack Wallen/ZDNETFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysBazaar is a free tool for managing Flatpak apps.It can be installed on any Linux distro with the flatpak command.It’s also free to use and simplifies working with Flatpak apps.I install a lot of Flatpak apps on Linux, and although the app store on my distro of choice (Pop!_OS) has Flatpak support rolled in, I find managing those apps a bit challenging. Because COSMIC Store lists Flatpak apps alongside .deb packages, it can be cumbersome to know what is what. So, when I discovered Bazaar, I knew it was an…

(World Oil) – Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while praising U.S. President Donald Trump’s approach. The Texas oil and gas giant is slowing investment in Europe and selling assets, with Woods describing the bloc’s climate and human rights regulations as “slowing things down and trying to over-prescribe unpractical” solutions. He was underlining strong criticism he directed last month at the EU’s ”bone-crushing” Corporate Sustainability Due Diligence Directive. In contrast, Trump has brought a “more balanced conversation” and “a very explicit recognition of the vital role that energy plays in economic growth…

Key Takeaways Fuel cell company Bloom Energy is among the latest stocks to pop on AI-fueled optimism, rising more than 20% Monday morning on news of a deal with Brookfield.How long can the optimism last? Someone’s bearish prediction may well prove correct—and yet there are gains to be had in the meantime, a challenging proposition for any investor. While investors try to work out whether we’re in an “AI bubble”—and how much time there might be before it pops—there are still hot trades to be had. The latest: Shares of Bloom Energy (BE) were up more than 20% Monday morning…

Key Takeaways JPMorganChase has launched a $1.5 trillion, 10-year initiative to boost sectors seen as vital to U.S. security and resiliency.The bank will invest up to $10 billion in select companies to help increase their growth, innovation, and strategic manufacturing.CEO Jamie Dimon said the U.S. is too reliant on others for important minerals, products, and manufacturing, and needs to “act now” to address those challenges. JPMorganChase has announced plans to pump $1.5 trillion dollars over ten years into industries seen as critical to U.S. national interests. Under the program, called the Security and Resiliency Initiative, the bank said it will…

Key Takeaways A growing number of consumers are selling gold jewelry, coins and other items to take advantage of record-high gold prices, managers of jewelry shops and refineries say. Gold’s appreciation has also made it harder to sell jewelry. Designers are taking steps to make accessories more affordable. The price of gold has Americans rushing to their attics and closets in hopes of cashing in. It’s a form of 21st Century Gold Rush, in which consumers rummage through their family heirlooms, pulling golden items out of boxes. More Americans have been trading gold for cash as the price of the…

Your first retirement may come halfway through your career and it could be your smartest move yet.gettyAt 48, Chris had everything he thought he wanted. He held a senior title at a global accounting firm, traveled the world, and earned a good salary. He had achieved his younger self’s idea of success. But lately, Chris caught himself zoning out in Zoom meetings that had become more about process than delivering a product, wondering if this was it. Fifteen, 20, maybe even more years of projects, deadlines, and polite exhaustion. When he floated the idea of taking a six-month break at…